Operational Risk Management by Imad A. Moosa

Book Description

Written by an experienced academic and practitioner, Operational Risk Management fills a gap in the information available on the Basel 2 Accord and offers valuable insights into the nature of operational risk.

This updated edition starts with the basic concepts, markets, institutions and arrangements before moving on to a description of international financial operations. The book integrates international coverage with appropriate discussions of Australia and the regional context throughout. It has a strong pedagogical framework and current data.

The book presents arguments that are critical of the Basel II Accord, particularly the advanced measurement approach to operational risk. It is argued that the advanced measurement approach is not viable in terms of costs and benefits and is likely to distract financial institutions from the real task of managing operational risk.

Author Biography - Imad A. Moosa

IMAD A. MOOSA is Professor of Finance at Monash University, Australia. Before becoming an academic in 1991, he was an investment banker for over ten years. He has published extensively in the fields of Finance and Macroeconomics.

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